Sunday, February 28, 2010

Some updates and a few observations...

Shortly after I submitted last week’s column regarding President Obama’s deficit commission, I heard a clip from a campaign speech the president delivered in Colorado in September of 2008. Senator McCain had proposed a blue ribbon, bi-partisan deficit reduction commission. Then Senator Obama reacted by labeling such blue ribbon commissions as the oldest trick in the Washington playbook and as an example of passing the buck. It doesn’t happen that often, but, Mr. President, in September of 2008, you were right.
Confession time, even though the law that created the base closing commission was signed by President Reagan, I was against it.
Over the last few weeks the Chinese have given the United States a lesson in the "Golden Rule". The Chinese government is threatening to sanction and punish American corporations that participate in the upgrade of the Nationalist Chinese Air Force. The Chinese military is also urging the government to punish the United States by selling part of their US T-Bill portfolio on the secondary market. Increasing the supply of US government debt will depress prices and raise interest rates. Does anyone else remember when the stuff you bought at Wal Mart was made in the United States?
The President has complained bitterly about executive compensation throughout his presidency. When the federal government bailed out Chrysler the first time in 1979, Lee Iacocca agreed to be paid $1 a year until Chrysler turned a profit. Fast forward to this past week and the President’s hand-picked head of GM will be paid $9,000,000. And GM hasn’t repaid its government loans or turned a profit. And, Mr. Whitacre isn’t even a car guy; at least Iacocca was a car guy.
Updating the "Little District that Cried Wolf"; sources tell me that unless you’re a teacher who has been laid off by the Jordan District, all other school districts in the valley have imposed a hiring freeze. So even if you wish to substitute teach in the, for example, Granite District, you will not be hired until laid off Jordan teachers have been absorbed by the system.
A new tactic in the ongoing healthcare bill fight. Using reconciliation to pass the healthcare bill is OK because the Republicans used the process to pass Welfare Reform in 1996. What they conveniently fail to mention is that the American people favored welfare reform, a solid majority have consistently opposed both the President’s plan and the two bills produced by House and Senate Democrats.
Next week new information regarding the Court Martial of two Navy SEALS and more on the whittling away of more of your constitutional rights by the Obama Justice Department.

No comments: